APA bids $1.2bn for Envestra.
Jul 21st 2013, 23:00
Gas infrastructure operator APA Group made a preliminary offer to take control of gas distributor Envestra Ltd in a A$1.3 billion ($1.18 billion) deal that would tighten its grip on pipeline supply.
The proposal comes just months after APA bought rival distributor Hastings Diversified Utilities Fund for A$1.4 billion in anticipation of strong demand from new coal seam gas projects and...
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